Agree Realty Corporation (ADC) vs Apple Hospitality REIT, Inc. (APLE)
A side-by-side comparison of Agree Realty Corporation and Apple Hospitality REIT, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ADC vs APLE
growth of $100 · dividends reinvested · last 10yADC vs APLE: by the numbers
- •ADC is the larger company ($8.05B vs $3.74B market cap).
- •ADC converts more revenue to profit (28.87% vs 12.17% net margin).
- •ADC grew revenue faster over the past five years (21.41% vs 15.90% CAGR).
- •APLE pays the higher dividend yield (6.17% vs 4.44%).
Metrics side by side
Valuation
| Metric | ADC | APLE |
|---|---|---|
| P/E ratio | 36.04 | 21.41 |
| Forward P/E | 35.29 | 22.23 |
| P/S ratio | 10.33 | 2.60 |
| P/B ratio | 1.23 | 1.19 |
| EV / EBITDA | 18.19 | 8.56 |
| FCF yield | N/A | 6.76% |
For REITs like Agree Realty Corporation, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Apple Hospitality REIT, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | ADC | APLE |
|---|---|---|
| Gross margin | 87.73% | 6.38% |
| Operating margin | 48.35% | 17.57% |
| Net margin | 28.87% | 12.17% |
| ROE | 3.45% | 5.58% |
| ROIC | 3.56% | 5.17% |
Dividends
| Metric | ADC | APLE |
|---|---|---|
| Dividend yield | 4.44% | 6.17% |
| Payout ratio | 170.05% | 129.73% |
Agree Realty Corporation's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Apple Hospitality REIT, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | ADC | APLE |
|---|---|---|
| Revenue CAGR (5Y) | 21.41% | 15.90% |
| EPS CAGR (5Y) | 0.11% | N/A |
| FCF CAGR (5Y) | 22.56% | 47.12% |
| Total return CAGR (5Y) | 4.69% | 7.83% |
Frequently asked
- Which has grown faster, ADC or APLE?
- Over the past five years, ADC grew revenue faster — ADC at a 21.41% CAGR versus APLE at 15.90%.
- Does ADC or APLE pay a bigger dividend?
- ADC yields 4.44% and APLE yields 6.17% based on trailing dividends and the latest price.
- Is ADC or APLE more profitable?
- ADC runs the higher net margin — ADC at 28.87% versus APLE at 12.17%.
- How have ADC and APLE total returns compared?
- Over the past 10 years, ADC delivered 8.61% and APLE delivered 3.99% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Agree Realty & Apple Hospitality REIT appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 13, 2026.